October 2012

This Week started with 2 potential swing set-ups. Neither of them looked like absolute certainties but both had characteristics I like to see before entering a position. These were GBP:NZD for a Swing Long and CAD:JPY for a Swing Short. Of the 2 I'd have preferred a CAD:JPY position as it's generally far less volatile but in the event it rallied past my ideal entry level and started showing a little too much bullish momentum so the trade idea has been put on hold, but definitely not discounted altogether just yet.